THOSE WHO WAIT: The firm exepcts its efforts to build its cloud and IoT businesses to start paying off next year, with IoT expected to have the biggest gross margin

Taipei Times
Date: Dec 25, 2017
By: Lisa Wang  /  Staff reporter

Telecom equipment maker Gemtek Technology Co Ltd (正文科技) on Friday said it plans to fully acquire wireless module supplier AMPAK Technology Inc (正基科技) for more than NT$955 million (US$31.87 million) to strengthen its hold in the Internet of Things (IoT) and cloud-enabled communication devices markets.

Gemtek said that its board has approved the purchase of 53.09 million shares of AMPAK at NT$18 per share from tomorrow to Feb. 12.

Gemtek, which makes set-top boxes and gateways, currently owns about 31 percent of AMPAK.

AMPAK trades its 83.69 million capital shares on the Taipei Exchange’s Emerging Stock Board.    [FULL  STORY]